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Prêt à refinancer ou renouveler votre prêt hypothécaire?
Nous pouvons vous aider à réduire vos paiements, réduire votre dette ou vous procurer de l'argent supplémentaire
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Whether you want to lower your interest rate, free up cash, or simplify your finances, refinancing your mortgage can be a powerful tool — and I’m here to guide you every step of the way.
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What is Mortgage Refinancing?
Mortgage refinancing means replacing your current mortgage with a new one — often with a different term, interest rate, or lender. It allows you to revisit the structure of your loan and make changes that better align with your current financial needs and goals.
Here are some of the most common reasons Canadian homeowners choose to refinance:
Access Home Equity
If your home has increased in value, you may be able to tap into that equity. Many homeowners refinance to access funds for home renovations, business investments, education costs, or even to help family members.
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Adjust Your Mortgage Terms​
Refinancing gives you the option to shorten or extend your amortization period, switch between fixed and variable rates, or move to a different payment frequency to better match your cash flow.
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Move to a Different Lender
Refinancing gives you the opportunity to switch lenders and take advantage of more competitive rates, better terms, or improved customer service. If your current lender isn’t offering the flexibility or savings you’re looking for, moving your mortgage elsewhere could save you money and better align with your financial goals.
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Consolidate High-interest Debt into a Single, Lower-rate Payment​
Refinancing allows you to combine credit cards, lines of credit, and other high-interest debts into one lower monthly mortgage payment. This can significantly reduce the amount of interest you pay and help you regain control over your budget.
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Lower Your Interest Rate
If rates have dropped since you got your mortgage, refinancing can allow you to lock in a better rate — potentially saving you thousands in interest over the life of your loan.
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Remove a Co-Signer or Adjust Ownership
If your life situation has changed — such as a separation, divorce, or financial independence — refinancing can help you update the mortgage structure and remove a co-signer or spouse.
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Improve Cash Flow or Stability
Whether you're approaching retirement or navigating a shift in income, refinancing can be used to reduce monthly obligations and provide more breathing room.
Refinancing gives you more control over your finances by leveraging your biggest asset — your home. It’s a powerful way to take advantage of lower rates, free up cash, or reshape your mortgage to better suit your life today.
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Is Now a Good Time to Refinance?
With interest rates, inflation, and household expenses constantly changing, it’s worth asking whether now is the right time to refinance your mortgage. The truth is, there’s no one-size-fits-all answer — but reviewing your mortgage regularly can help you stay ahead financially, especially if your goals or income have changed.
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Many Canadians refinance to take advantage of lower rates, reduce monthly payments, or access the equity they’ve built up in their home. Even if rates aren’t at historic lows, refinancing could still make sense if you're consolidating high-interest debt or adjusting your mortgage to better fit your current lifestyle.
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If you’re unsure whether it’s the right move right now, let’s take a look together. We’ll review your options, explain any costs or penalties involved, and help you decide if refinancing could save you money — now or in the future.
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Why Choose RefinanceBC Over a Bank?
Refinancing is a big decision — and every lender has different rules, rates, and penalties. As a mortgage broker, I work with multiple lenders to compare options and find the one that fits your needs — not theirs.
Compare rates across many lenders — not just your bank
Get a personalized strategy, not a one-size-fits-all offer
Avoid hidden penalties or costly mistakes
No pressure, no cost to you — I’m paid by the lender
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What You Get
Working With Us
Common Questions about Refinancing
Refinancing your mortgage is a big decision, and it’s normal to have questions. Below are answers to some of the most common concerns homeowners in British Columbia have when considering a refinance.
Is there a penalty to break my current mortgage?
Yes, most lenders charge a prepayment penalty if you break your mortgage before the end of your term. However, in many cases, the savings from refinancing (like lower interest or consolidating debt) can outweigh the cost. I’ll help you calculate whether it’s worth it based on your situation
How much equity do I need to refinance?
In many cases, yes. Some lenders specialize in helping homeowners with bruised credit refinance to stabilize their finances. We’ll look at your options together and find the most realistic and affordable solution.
Do I have to requalify to refinance my mortgage?
Can I refinance if I have bad credit?
Typically, you need at least 20% equity in your home to refinance in Canada. This means your current mortgage balance should be no more than 80% of your home’s appraised value.
Yes, refinancing is treated like a new mortgage application — so lenders will look at your income, credit score, debts, and property value. If your financial situation has changed, I can help you prepare and explore options with flexible lenders.
Not Ready to Refinance?
Consider a Renewal Instead
If your mortgage term is coming to an end and you’re unsure about refinancing, a smart mortgage renewal might be the better path — at least for now.
Renewing your mortgage gives you the chance to renegotiate your rate, switch to a new lender, or adjust your terms — all without borrowing more money or triggering early repayment penalties. It’s a great option if your goal is to reduce your interest rate or improve your mortgage flexibility, without taking on additional debt.
Not sure whether to renew or refinance?
Learn more about your options on our Mortgage Renewal Page.
Let’s Build a Refinance Strategy That Works for You
Whether you’re looking to access equity, consolidate debt, lower your payments, or just explore your options, refinancing doesn’t have to be stressful. With expert guidance and a clear plan, you can make a confident decision that supports your long-term financial goals.
As a licensed mortgage broker in British Columbia, I work for you — not the bank. I’ll compare lenders, explain your options in plain language, and help you decide if refinancing is the right move right now, or later.